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Country Report eSwatini 4th Quarter

  • ID: 5173125
  • Country Profile
  • October 2020
  • Region: Eswatini
  • The Economist Intelligence Unit
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Although the survival of the country's monarchy is not in doubt, a severe economic contraction will exacerbate widespread dissatisfaction with the lack of political reform. This will manifest itself in strikes, protests and low-level violent unrest.

The fiscal deficit will narrow to 5.6% of GDP in 2021 (from an estimated 8.4% in 2020) as government revenue recovers and spending falls. The deficit will narrow again, to 4% of GDP, in 2022 as revenue growth continues while spending keeps falling under IMF advice.

Real GDP is expected to expand by 1.2% of real GDP in 2021, reflecting a rebound from a contraction of 5.6% in 2020 due to the coronavirus (Covid-19) pandemic. A recovery in South Africa in 2022 will help to keep eSwatini in growth, of 1.6%, in that year.
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Country Report eSwatini 4th Quarter

Briefing sheet
Political and economic outlook
Key changes since July 13th
The quarter ahead

Basic data
Land area
Main towns
Weather in Mbabane (altitude 1,163 metres)
Fiscal year
Public holidays

Political structure
Official name
Form of state
Legal system
National legislature
National elections
Head of state
National government
Political parties
The government
Key ministers
Central bank governor

Economic structure: Annual indicators

Economic structure: Quarterly indicators

Economic structure: Comparative economic indicators

Outlook for 2021-22: Political stability

Outlook for 2021-22: Election watch

Outlook for 2021-22: International relations

Outlook for 2021-22: Policy trends

Outlook for 2021-22: Fiscal policy

Outlook for 2021-22: Monetary policy

Outlook for 2021-22: International assumptions

Outlook for 2021-22: Economic growth

Outlook for 2021-22: Inflation

Outlook for 2021-22: Exchange rates

Outlook for 2021-22: External sector

Outlook for 2021-22: Forecast summary
Note: Product cover images may vary from those shown